Vanguard FTSE Developed World UCITS ETF USD Distributing

Vanguard FTSE Dev World UCITS ETF is a passively managed fund that physically holds a representative sample of the stocks in the FTSE Developed Index — mainly large‑ and mid‑capitalization companies from developed markets — aiming to closely track that index; it stays almost fully invested in those equities (only keeping small cash amounts), may use derivatives to reduce cost or risk or to seek extra return, and can engage in short‑term, secured securities lending to generate additional income, while reserving the right to temporarily depart from its usual approach in extreme market or political conditions.